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's plan "b" when that was actually nancy pelosi's solution which was to raise taxes on those earning a million dollars or more. not one democrat agreed to vote for it. >> let's talk about that plan "b." it was not successful. hastert had some unkind words saying i don't want to be critical of john, but you don't ever bring something to the floor if you don't have the votes. so congressman, did the speaker miscalculate and do you think he'll be challenged for the speakership when the new congress convenes? >> no, he's not going to be challenged for the speakership. he didn't bring it to the floor. he decided not to bring it to the floor. but he could have brought it to the floor if they had even 30 democrats willing to say i'll do what nancy pelosi said we should do. and that plan "b" would have passed. it would have demonstrated we were willing to put revenue on the table and got the wheels greased a little bit for a negotiation. >> john harwood tweeted this. he said gop house members and colleagues, i blame most of this on a block of about 50 members who have the political judgment
" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year, and we might finally start talking. >> i don't know time-wise how it can happen now. >> under senate rules, a bill could make its way through procedural hurdles in time only if every senator agrees not to slow down the progress. the house will not be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't work. 31-year-old newly elected congressman that man there eric swalwell is the new kid on the block and heading off to capitol hill to take part in all the quagmire there. swalwell a former dublin city councilman says he is ready to bring small-town solutions to capitol hill to help prevent an avoidable "fiscal cliff." >> i'm confident that there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second
to beat the budget impasse. mr. obama will hold a "fiscal cliff" summit with nancy pelosi, john boehner, mitch mcconnell and harry reid and today's meeting may be the last realistic chance to come to an agreement before the end of the year. >> here we are five days from the new year and we might finally start talking. >> i don't know how it could happen time-wise. >> it could make its way through procedural hurdles every time only if every senator agrees not slow down the process. of the house won't be back in session until sunday night. >>> a former bay area city councilman is about to learn firsthand how washington works or doesn't. 31-year-old newly elected congressman is heading into a capitol hill quagmire. he said he is ready to bring small town solutions to capitol hill to help prevent and avoidable "fiscal cliff. >> i'm confident there can still be a buzzer beater here where we can beat the clock and deliver on middle class taxes. >> congressman swalwell will be the second youngest member congress to be sworn in on january 3. he leaves sunday for d.c. to pick up his new keys to
of the democrats were going to join. >> that's an unreasonable standard. >> he's not negotiating with nancy pelosi. he's negotiating with the president of the united states trying to work this deal out and certainly it's become a discussion with nancy pelosi and it's not, it's a discussion with the president of the united states in term of trying to work this through and where does he have to turn? he has to turn back to the principles in this negotiation and that's what he's done. >> but i believe he could have passed his plan b if he hadn't gone with the $20 million cutoff and he'd moved toward the center and that had been under discussion with a $400,000 cut off or a $500,000 cut off for the tax cuts to go into effect and the tax increases above that figure to go into effect and he didn't try to go into the center and he locked himself into an impossible situation where he couldn't get 218 votes in his own caucus and that was a failure of leadership. >> martin frost, david winston, ten seconds. you have ten seconds to respond. >> i'm sorry, but you're asking him to take the democratic position
of that meeting. reid said that he found the meeting to be constructive as well as did nancy pelosi. speaker boehner seemed to have a slightly different take, basically saying, look, we've already passed legislation in the house to deal with the sequester, to deal with some of these issues so why not revisit what was passed in the house? but the bottom line is the words that are coming out of this meeting, constructive, optimistic. there seems to be a little bit of movement. you always hesitate to say that because, of course, these talks could become derailed at any minute, but president obama set to address the press and the nation hopefully to give us a little bit of a better sense of how that meeting wrapped up. >> kristin, how do we square the sense of optimism and everyone saying that the talks were constructive when they're still stuck on the same points? if this hasn't moved on from $250,000 a year? >> reporter: correct. it's a very good point, and so the question is what can leader reid do, mitch mcconnell do within the next 24 hours to basically put together a compromise package? i
to punish members like tim huelskamp and one skill that a sometimes a speaker has and we saw this with nancy pelosi and we saw this in 2009 and 2010 is actually fear. they don't fear congressman boehner. they don't fear him at all if they go break their own way and that is one of the reasons why you end up having people who seem to be revolting like congressman huelskamp. >> one other thing that a speaker does not have or even a minority leader anymore is earmarks which were these targeted spending gifts in effect to a house number that could be persuasive. >> right. the carrots and the sticks. >> yes. >> thank you very much. lynn and mark. we'll talk to you later this hour. stick around. we appreciate it. >> thank you. >> coming up, it's election day in egypt and we'll get a live report from cairo and how the constitution has polarized that nation. plus ben affleck on capitol hill for good and what the actor is saying for now and not saying about a possible run for senate. ♪ ♪ ♪ copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair
to nancy pelosi. >> does this get easier once boehner gets reelected as majority leader? >> hopefully we don't get to that point, but that senate bill did not get a single republican vote. >> jonathan, answer my question. does this get easier? >> let's pretend we're not going have a deal and january 3rd comes and boehner, he hopes gets reelected as speaker of the house, then the deal get easier to get done? >> this isn't even an issue. >> oh, come on! you know what i'm asking here! >> speaker boehner will get reelected and that's not the issue and the issue is not to pass something through the senate that can go on to pass the house. >> john, do you think that the republicans bill which essentially goes after programs for the poor increases military spending? so it adds to the deficit and only is willing to raise taxes on millionaires and above and that is getting through the senate. so what you're saying the reverse is true when you look at the house. boehner can pass the senate bill tomorrow as harry reid said today, but he doesn't want to do it with democrats and he wants a majority o
hear is the senate leaders are there. speaker boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come
, but that is after dropping off. >> we have learned that nancy pelosi is saying that senate leaders will try to craft a fiscal cliff deal. as ben said, they are not giving any details, no specifics, they're not going to, but nancy pelosi said it will try to craft some sort of deal to avoid heading off the edge of the fiscal cliff. >>> the outgoing prime minister mario monti said he will contest the general election in february. he will lead a coalition of supporting his reform agenda. his appointment last year as the head of the technocratic government sought to end the financial crisis. former prime minister silvio berlusconi is rounding out his new year with a divorce, pinning his ex-wife almost $4 million per month. he was accused of having relationships with young women. the venezuelan president hugo chavez cents a message of faith to his supporters from his hospital bed. the message said that well- wishers and supporters were helping his recovery following the cancer operation. there is been speculation over whether his health has left him fit to lead the country. >>> a 6-year-old british girl w
years later. apparently nancy pelosi was right about the obamacare program, at least when she uttered these now infamous words, calling for passage of the legislation. >> we have to pass the bill so that you can find out what is in it. away from the father of the controversy. lou: is getting rid of obamacare so one option for republicans? we will talk with legal analyst peter johnson on the way forward. also, the worsening political crisis in egypt. splitting egypt between those who want the islamic state, governed by sharia law, and those who oppose it. andrew boston this year. the professor and the author of the new book "sharia versus freedom." in the nation's credit rating is at risk. serious proposals to reduce the deficit and really end our national debt. potentially, a significant blow to the obamacare controversial o contraceptive mandate. the eighth circuit court of appeals in the preliminary injunction to stop the mandate for being enforced against the missouri catholic businesswne owners.the li the list of statesst o now, refg to set up state-run health care exchanges for i
taste this soup. john: look to send their kids to private schools? nancy pelosi, hillary clinton, al gore. >> the people who make rules already have a choice. the politicns and i used to be, the politicians have a choice. john: they all sent their kids to private schools and oppose school choice for regular people. >> thank you for taking my question president obama upper could you think your daughters to get the same high quality rigorous education and the public school? >> if i wanted to find a great public-school for sasha and malia we could maneuver to do with too. >> but he did not want to he w says sasha and malia is at the same scho the vice president grand kids attend the tuition is 32,000 per year and the union leaders? >> he went to private school. >> i graduated at the catholic high school. >> a tough negotiator at this school board meeting the chairman said he used up the speaking time he marched up to the front to demand more saying i am mandated seven more minutes. >> the rigidity of the stupid union contract is why the kids suffer. your union is the problem. >> he oppo
that nancy pelosi had suggested back when it was her idea. and the president just simply dismissed it out of hand. he said raising taxes on only people mdking $1 million or more a year isn't going to cut it. and so i don't really -- i don't see how, given the things that harry read and president obama have dismissed out of hand that speaker boehner brought them. i don't know what speaker boehner could bring to make them budge other than 100% of everything president obama now says he wants. >> one of the others things americans want and when they voted was on the back of their mind is this country needs a balanced budget like all of us have had to reevaluate our budgets. who is committed to that? >> well, i think that a lot of the stalwarts in the house to made the promise of not raising taxes, that where the people are most adamant about the importance of a budget. we're looking at five years now, is that possible? five years in the senate. harry reid has not been able to produce a budget and the budget president obama recommended last year or two years ago when to the democratic senate a
, but it's to nancy pelosi's point we're going to find out and i hope we like it. a lot of taxes associated with obamacare. you mentioned the medical device issue, a lot of these companies, by the way, medical device companies have been laying off workers right now. and that is, if this impacts, by the way, everyone, takes away from research and development, which will take away from life saving innovation and it's just, again, the very tip of the iceberg. ultimately, there's going to be a whole lot of taxes that just opens the gate for. this is just the beginning. >> ben, even if you look at action taken by the medical device makers, there's already damage that's been done by the tax increases built into this health care law, has it got? >> well, the damage is built in, but on the other hand good built into, too. there are people who are very poor who won't be able to get health insurance and not very, between medicaid and middle class and we'll be able to get health insurance, or some, overall, obviously, i don't like the bill. i don't think any sensible person would like the obamacare bi
, house democrat leader nancy pelosi told us she's at least a little encouraged. >> it was constructive. as i say, candor is constructive, and i think it moved us forward, but we'll see. >> reporter: it was the first meeting with the president and all the congressional leaders in six weeks. it follows an impasse that has shaken wall street, the dow down more than 400 points since talks stalled last week. and on main street, business owners like drew greenblatt, who owns a wire basket manufacturing company in baltimore, say the coming fiscal cliff is already causing pain because they just don't know what will happen to their taxes. >> right now we're doing our budget. we're deciding how many people we're hiring next year. we're figuring out how many robots and machines we'll invest in our factories. >> reporter: and across the country all the political bickering had people outraged with washington. >> i can't believe we've gotten this close. >> time for them to turn in their term paper. >> this is america. they should be working for the american people. >> the parties are trying to outdo
cut. uc health systems could face 21 million in cuss cuts. after today's meeting, nancy pelosi said she was encouraged a little it was constructive. and candor is constructive. and... i think it moved us. >> republicans blame the president for the collapse of a bigger deal which would have cut spending and reduced debt. >> it's the president's response dwroiblt layout a plan and to bring people together. >> larry reid agreed to spend the weekend working on a plan. >> i'm looking at impact of the spending cuts that -- from that study. when you start to get into specifics today when we call health centers today or public health department to ask about how the cuts would affect san francisco and the bay area, nobody knows yet. because the budgets have not been formalized. they're waiting to hear which programs will be cut, which will be spared. >> they're waiting for congress. >> thank you. >> the stock market taking lack prof gres badly this, oñ performance over the last five trading. >> the nasdaq down 25 points for the day. s and p off by 15. >> if you're on long term unemploymenti
leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's debt limit will be reached
with this congress. >> reporter: president obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> it is nearly 4:40 now. secretary of state hillary clinton plans to return
, mitch, house speaker john boehner, democratic leader nancy pelosi tomorrow afternoon at the white house. to try to find out if there is a way to avert the fiscal cliff. today, after the president returned from his vacation in hawaii, he did meet with his senior advisors. they did conduct some back- channel negotiations as they have been during the holidays on a bill to possibly avert the fiscal cliff. those talks i'm told did not make much progress. the face-to-face conversations may fact create the possibility of a breakthrough. but right now the president has no new proposals to give his congressional leaders. he will stick with what he told the nation on friday-- raise income taxes for households earning more than $250,000, extend unemployment benefits for those americans out of work for more than six months, and try to find some other means to avert the fiscal cliff before that deadline, and tomorrow, may give us a glimmer of hope but as i said, the white house does not consider this a breakthrough, but everyone is and will be talking. >> glor: major garrett at the white house. than
majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell, and house speaker john boehner. have four dates to reach an agreement, but the u.s. economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vinc
, dagen, he didn't have the votes to do it. so nancy pelosi is going to have to provide a lot of votes to get this done. but, you know, here's the thing i think is really interesting about this whole debate. i heard one of your previous news segments saying oh this is going to reduce the deficit by a trillion dollars. it's not going to come anywhere near reducing the deficit by a trillion dollars. if you do this tax increase on the rich, you maybe raise 40 billion dollars a year. that's not nothing, but 40 billion dollars over a year over ten years that's 400 billion. we're running a trillion dollars deficit. this is not a solution and not serious. that's why it always comes back to dealing with the spending side of the aisle because that's where the deficits come from. dagen: last thing, steve, what about the fate of house speaker john boehner because there's a lot more at play than just raising taxes on people who make more than a million dollars with what we saw happen last week? >> yeah, you know, i have always been a fan of john boehner's. i've known him for 20 years. i think he's
. and leader nancy pelosi with the number of votes needed to pass. >> what folks are looking for and all of us agree on this is action. they want to see that we are focused on them, not focused on our politics here in washington. >> reporter: that was the last time this group met more than a month ago. with time running out to forge a scaled-down compromise, can they agree on even the most basic elements, extending some income tax cuts, preventing pay cuts to medicare providers, fixing the alternative minimum tax. among the options to gain votes, averting an estate tax hike toll woo republicans. there's still time but no room for error. if congress doesn't act -- >> the impact psychologically and financially on americans of another plunge in the negative territory for the economy would be extremely harmful. >> reporter: and candy, as i said, those leaders are still meeting with the president. we'll see if any of them come out and speak to us after that meeting breaks up as soon as we have any word on whether there is an agreement, we'll bring it to you. >> jessica, it's interesting to me the p
call her speaker nancy pelosi. very much open and wanting to share. women who feel secure can't give support. that's a very important element. to allow for new ideas to emerge -- not of the greatest ideas come from my office. if there are doing well, they will make me look dead. why not allow for more of that to happen? that is the management style like to see. >> is it simply talking about the pressures and how you do it? >> it is more than just talking. if you are immediately engaged, it is allowing for opportunities or allowing someone to take on any project or flush out ideas and put them in place. not everything is going to be perfect. but even if it doesn't come right, knowing someone will say it's ok. that is where you learn the most about leadership and how to perfect when it is you want to do. that happened in any environment. we need to talk about it more directly. those discussions are always taper down for women. >> what do you wish you knew when your 17? keep striving, never lose heart, is what you do after you get up and brush yourself off. is there a specific time you
and nancy pelosi leading republicans mitch mcconnell and john boehner. no deal can be reached in past without their cooperation. with the meeting comes a glimmer of hope. in the past all the ifisical cliff talks meetings like this have been the least productive of all. whether he meant to or not the senate majority leader may have spoken for a nation exhausted by seemingly endless fiscal cliff negotiations. >> what's going on here? >> reporter: what indeed. president obama returned to the white house in a grim mood. he met with no congressional leaders and said nothing about his efforts to avert the fiscal cliff, talks continue between senior white house and congressional staff, but that's been true throughout this entire saga. with the deadline looming there were dire predictions. >> come the first of this year americans will have less income than they have today. >> reporter: and recriminations. >> now republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. >> reporter: the senate's top dem
effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be something we can agree on. let me add this. when we he voted on our bill in the house this summer it was a clean extension which was an extension for are everyone in america not only did every republican vote for that but 19 democrats did as well. so this is why it is so frustrating for those in the house is that now we are close to the cliff. >> greta: and frustrating -- >> and we can't even get a single democrat to join with us. >> greta: if you think you are frustrated try the american people as they watch what is going on. congressman, thank you, sir. good luck, sir. >> call the senate and get them to act. we can't negotiate with nothing. >> greta: i don't think they would listen to me. thank you, congressman. straight
boehner and nancy pelosi. if they can't work this out and we go over the cliff it means smaller pay checks automatic spending cuts and according to some economists possibly another recession. molly henneberg tracking developments tonight at the white house. what are you hearing? >> hi, harris. senate republican leader mitch mcconnell confirmed it and the white house made it official. there will be a hearing here tomorrow according to a white house aide. it will be on the schedule that the president will talk fiscal cliff with those four top congressional leaders that you mentioned, harris. the president returned to washington today. he cut his hawaiian vacation short to get back to the white house for any possible last minute fiscal cliff meetings and it appears there will be one tomorrow. harris? >> well, what kind of response is the president getting from lawmakers at this point? >> well, senate republicans say they are willing to listen to any ideas the president has as to how to find a way forward. here is more. >> last night i told the president we would be happy to look at whatever h
what's my plan b? his plan b is a plan nancy pelosi embraced a few months ago. boehner couldn't get enough of his right flank onboard and pelosi was whipping votes against her own plan among democrats to embarrass boehner. so the politics worked out well for pelosi. it's a total mess, dysfunctional and both parties are not covering themselves in glory. >> got to leave it there. always good to see you. >> thanks. >> to ed henry in honolulu where the president is set to depart tonight. we got breaking news from the speaker and i believe -- they said we have a couple deals on the table. it's your turn, senate. >> yeah, eric, that's where the ball is going now. but what i think the speaker and maybe majority leader eric cantor are leaving out is the reason all eyes turned to the senate is the speaker can't get the job done thursday on plan b. plan a is essentially the big deal, the $4 trillion debt plan. i was speaking a short time ago to a white house official that happened they believe the president moved halfway towards the republicans starting at only want to go raise taxes on $250,
. the president, john boehner, nancy pelosi, harry reid, mcconnell, you don't need his support because the democrat controlled center. it is a sit doesn't have a -- >> mcconnell is very important because in the senate, you need a super majority to pass. a reason why i think if there's some kind of a deal, and i'm not that optimistic, why it has to start in the senate is you need republicans to buy in, even a little bit, in order to send any measure to the house. so by definition, to get 60 votes, you need republicans on it. that's enough to call whatever the deal is, bipartisan, which may make it easier on the house. as i said, i'm not that optimistic. >> trace: why are you not optimistic? >> part of it is structurele. house members got back at 6:30 sunday night. what if the bad weather comes that's predicted. unless a framework is hammered out that people could agree to, even a stopgap measure, there's not a lot of hours left to get everything down. a realistic deadline is january 3, none, when the new congress comes in because as we just heard, the impact of the fiscal cliff in terms
second proposal was nancy pelosi's proposal she offered in may of this year of doing tax cuts on people of one million dollars and above, that are one million and above. >> and now plan c now. >> now, now proposal-- >> for the republicans to get-- >> no, he was not and that's his failure dealing with his party, but as for negotiating, boehner has put forth many things. it's president obama that needs to take a page out of the play book of clinton to be able to move more to the middle. >> kelly: okay. and core of both of your arguments, here is what we're seeing on capitol hill as well, members of both sides of the aisle can't agree to disagree on things, there's no common ground. here is the way that people's business is being conducted so far as we've seen from mike emanuel's report. democrat leaders are hammering out deal they can pass and hopefully angela and mark, he see it get passed in the house before the automatic tax increases and deep spending cuts actually go into effect on january 1st, 20113, which is now some 48 hours away. do they have enough time to get it done? >> yes. >
they will primary any democrats who vote for it. they said if nancy pelosi votes for it, they will not offer for our support if she tries to run for the minority leader of the democrats. host: speaking of the leadership situation, talk to me a little bit about the lead -- allegiances in the house, punching in among the republicans. do the republicans favor the leadership of eric cantor more than the leadership of john boehner and? will this cost john boehner his -- more than the leadership of john boehner? will this cost john brennan his speakership? guest: boehner said the members were not angry with him. they were not showing dissatisfaction with him. one of the other things about that was that standing next to him at the press conference was eric cantor. that was a clear sign that these guys are tied together and eric cantor is not ready to unseat john brennan. there was a lot of symbolism in that press conference. -- ready to unseat john boehner. if he goes back and stars to negotiate with president obama and tries to bring back the deal at this conference cannot accept again, the danger to him
is happening in our country. i have to give a lot of credit to our president and people like speaker nancy pelosi and senator barbara boxer and supervisor glory molina. >> would you go back into elected office? >> there is a lot of issues i care about -- health care, health care disparities, environmental justice, that is a big issue and will continue to be until we look at how we can regulate - >> you would probably take on some of these causes? >> i would hope so. obviously, i care about immigration reform. the president worked on helping the young children. i went to school with a lot of those types of individuals and continued to see many of them who are our brightest stars, who are educated and want to be so much a part of the american dream. just because they don't have a paper that says they are here legitimately, most don't know any other country, this is their home. >> we have some students and they will ask questions later. as a bit of advice for high- school teenage kids to want to work at the white house or would like to be in the president's cabinet sunday, what do you say to
, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: house members will return to capitol hill on sunday and could begin voting that night. they would have about 24 hours to approve a deal. adding to the urgency, treasury secretary timothy geithner warned congress that the nation's
that year, harry reid and nancy pelosi gave george bush a stimulus. what happened was two things, al. first of all, barack obama got reelected. and for a variety of reasons, the republicans never game barack obama the kind of cooperation we gave george bush. of course you should disagree. but then in the end, you try to work things out. when george bush came to harry reid, we worked with him to go and to come to an agreement. mitch mcconnell, the republican leader, said my number one agenda item is to defeat barack obama. and then in 2010, people were elected who don't believe in govern nans. who don't understand reality. it's not like we've had it forever. we didn't have it before the partisanship and there was some people so offended by the notion that barack obama could win for a variety of reasons, that they decided to delegitize it. i think you're going to see a gradual relinquishment of this kind of obstructionist death grip they have on the party. >> plet me ask you, you're leaving washington after serving so long and so well. what will you miss about washington? and what will you no
conservative conference that may not coming to to vote on something, even if nancy pelosi can corral the democrats, they need to pick off republicans. we don't know if any of them would vote for something like this. john boehner is ready to strike a deal. i'm not sure many others are. in the senate we have seen a number of conservative republicans saying they would vote. >> 20 republican votes? >> at this point it's very hard to say. i think john boehner would probably be trying to go in that direction if he could. we haven't seen enough house republicans come out yet and say they would support tax increases. if you have tom coal who broke with his party leadership and the party ranks about three weeks ago or so. we haven't seen enough say they would. i don't know that that's the right deal for that to try to strike. >> one of the strategies that republicans could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has
think nancy pelosi actually comes out of this with a little bit more leverage, because it's clear that any deal that gets done is going to need democratic support. and as we know, she has been a far more effective leader than john boehner has. >> sure. moments ago, the president and his family left for hawaii on board air force one. what does this look like to the american people? i know the senate is gone and the house is gone. here goes the president to hawaii. i mean, where is the sense of urgency here? and i blame all lawmakers for this. >> i agree with you, ed. i mean, i think the optics of this is really disturbing. if you are sitting at home, and you're telling yourself, okay, i'm not quite sure what is going to happen with my tax rates and for next year. so how much am i going to spend now on christmas? how much am i getting back? those kinds of questions, that kind of uncertainty, what is going to happen with payroll taxes, what is going to happen with unemployment. and you see everybody kind of just leaving town, great that they're willing to come back next week, but you
, speaker boehner, nancy pelosi and senators reid and mcconnell. he urged them to extend jobless benefits. we can deal with cuts to defense and domestic programs later. but let's take care of the middle and working class right now. give them assurance right now. joining me is congressman chief ellison. he's co-chair of the progressive caucus and melissa harris perry, host of the melissa harris perry show here on msnbc. thank you both for coming on the show. >> thank you, al. >> congressman, let me go to you first, this deal comes down to taxing the rich. how can they not realize this is what the country wants? >> i don't think that the republican leadership cares what the country wants. i think they care about what their biggest donors want and their big donors want to reorganize america so that -- because they believe that the rich don't have enough money and the poor have too much. so what we're hearing here is an expression of an et you logical idea that we need american society to be cost competitive with places like china. that means giving rich people even more money. and we're not
to deliver his own votes but isn't particularly interested in working with nancy pelosi to get moderate democrats onboard. again, we are talking about very symbolic things. i think john boehner is far more interested in preserving his speakership, waiting until we go over the cliff and everyone can blame each other all the way through. it would be better for everyone if we didn't have discussions about social insurance and/or entitlements at gunpoint with two days to >> that's the views from -- a very -- very strong conservative voice. >> that's giving the president a lot of credit here. the president wants a deal, doesn't want to go into the second term, january with the fiscal cliff looming and dealing with the cpi or, you know, raising the medicare eligibility. doesn't want the discussions to cloud up his other agenda, rest of his agenda, things like immigration. gun control if that does survive into the new year. so -- right now looking at some of the things that have been floated -- that -- that harvard from reported basically that's the president getting stimulus aspects of it. th
rapidly move to the solution to the situation. >> nancy pelosi tried to do that and the signature is not there. chuck hegel was a colleague of yours. are you surprised about the criticism he received from the left and the right being the possible nominee for president obama in the obama administration in the second term? >> hegel used on foreign policy, but he hasn't received a lot of criticism. how much of that is justified? i can't tell you. >> senator from vermont, we thank you for joining us the day after christmas. >> joining us to talk big picture and the president's second term cabinet, nbc editor mark murray was the december employee of the month. congratulations. >> excuse me. you heard from senator sanders saying the lack of urgency hasn't been a problem, but if you look at it for all intents and purposes, boehner removed himself from these discussions. harry reid, president obama, and a little bit of mitch mcconnell. what is possible of making a deal? >> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with pres
a deal done in time. congressional leaders including john boehner and nancy pelosi met with president obama today. the president called on top senators to craft a deal and get it past this weekend for presentation to the house. >> i still want to get this done. it's the right thing to do for our families, for our businesses and the entire economy. but the hour for immediate action is here. it is now. >> so we'll be working hard to see if we with get there in the next 24 hours so i'm hopeful and optimistic. >>> senator mitch mcconnel called the meeting with president obama good. taxes go up for all americans and traásic cuts will hit -- and drastic cuts will hit the national budget. >>> the dow fell 158 points, and the nasdaq fell 25 points. >> they may you know want to do something illegal just to put food on the table. >> coming up in 18 minutes finally strapped the hundreds of thousands of people set to feel the impact of the financial cliff starting tomorrow. >>> a sixth suspect has now been charged in connection with a beating and homicide in san francisco where the victims wer
house meeting nancy pelosi said she was encouraged a little. >> but it was constructive and candor is constructive and i think it moved us forward. well see. >>reporter: republicans blame president obama for the collapse of a bigger deal which would have cut spending and reduce the debt. >> it is the president's responsibility to layout a plan and to bring people together. >>reporter: tonight senate majority leader reid and senate republican leader mcconnell agreed to spend the weekend working on plan that will be able to pass both chambers of congress. in assessing the impact of the cuts we relied on the study from george mason university taking a broad look at where the cuts would come. drill down into specifics we call head start program. we called health care centers and laboratories and anybody who would rely on federal money this might be cut and what we were told universally is that nobody really had an idea of which programs would be cut and which programs would be spared. they are all waiting for the word from congress. like the rest of us. 7 news. >> and we wait. w
obama has invited nancy pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a fiscal cliff summit. >> here we are. five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the onlyway a bill could come through the you woulds in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, don will be watching. >> everybody's kind of in a wait and see and finger crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener, for cbs news, washington. >>> time right now is 6:07 and i'm watching your money. we're going to have to see if wall street can finally ends its losi
minority leader mitch mcconnell. harry reid and nancy pelosi were there. steve chenevey live on capitol hill right now. >> that meeting at the white house lasted just a little more than an hour. they started at 3:10 and were done by 4:15. no major decisions were made. president, reportedly telling congressional leadership, if you do not have a better plan than i do by now, we need to get to voting on my plan. the clock is still ticking in advance of monday night's deadline. frustration being felt not just inside the capitol, but i constituents outside as well. >> i am a little worried about the future as well, for my kids mostly. >> it is a popular thought outside the capital. >> there is an understandable frustration. >> chris van hull and is hopeful a deal can be reached by tuesday, although it will likely be a smaller deal that addresses only the major parts of the fiscal cliff from taking effect. >> we have got to get on a larger agreement, to make sure we sustained a very fragile economy, tried to get it to move faster, and deal with the long- term deficit. >> those decisions may n
b? his plan b is a plan nancy pelosi embraced a few months ago. boehner couldn't get enough of his right flank onboard and pelosi was whipping votes against her own plan among democrats to embarrass boehner. so the politics worked out well for pelosi. it's a total mess, dysfunctial and both parties are not covering themselves in glory. >> got to leave it there. always good to see you. >> thanks. >> to ed henry in honolulu where the president is set to depart tonight. we got breaking news from the speaker and i believe -- they said we have a couple deals on the table. it's your turn, senate. >> yea eric, that's where the ball is going now. but what i think the speaker and maybe majority leer eric cantor are leaving out is the reason all eyes turned to the senate is the speaker can't get the job done thursday on plan b. plan a is essentially the big deal, the $4 trillion debt plan. i was speaking a short time ago to a white house official that happened they believe the president moved halfway towards the republicans starting at only want to go raise taxes on $250,000 and above. he mo
boehner said. wisest words of anyone in the house of representatives handing the gavel to nancy pelosi to be speaker of the house after republicans lost that 2006 election. he said, my party forgot that powers to be used for the good of the people and not for power's sake. that's what they have to remember. now, as far as that fiscal cliff, they can withhold the tax schedule changes. they're able like in defense, when you have a defense cut or a defense cut like that, it takes place over three to four years. it doesn't all happen this figs year. what we want is a bunny slope not a cliff so the damage is not great as long as we are able to take the short-term deal that david spoke about. what everyone is looking for, consumer and business investor is certainty. congress generates the political will with the president to address our problem. both in the grand scheme so we get $4 trillion in debt reduction over a year and second in the short term and don't have a gross domestic product grow at zee ro over the year. >> when you think about this entire issue, there is the gop caucus and the
, for the house to pass the senate bill is quickest. you can't do it because you have all the democrats and nancy pelosi can whip her caucus, she maas lie one or two, and then you need about 30 republicans, but boehner -- >> arguing the senate bill is more partisbipartisan. >> it means only 2% of people would pay the 39% tax rate on everything above 250, right? but you reason he won't even try to pass that bill, is because he doesn't want the optics with the bill being passed with mostly democrats. bainers wants it a majority of the majorities, that that will be mostly republicans passing it. that's impossible, because republicans, you can't even get 10 or 20 of them to agree on anything they think is a tax hike. so you have a stalemate of boehner's over design. >>> ryan, to you, please responds to what joann said. a year ago, did you think -- yeah, we knew this was going to happen, did you think it would be this situation just days before the new years? if so are we going to have another fiscal cliff or a bunch that come to fruition here where we never see really a solution? >> well, it was very
way and it did not work, look, nancy pelosi, how do we get something through the house? >> talk about the reid/mcconnell special relationship. they were the two that cobbled together deals. 2011 is a great example. will they have a three-peat here? >> again i'm not bullish on this. i think robert might be a little more than i am. i think it would require a lot of courage on mcconned to put something through that democrats like and to impress upon john boehner to get this to the floor of the house i think could put -- on the bright side it could put him in a heroic position. >> very quickly. >> mcconnell is in a tricky position. >> he is looking a the 2014. thank you both so much. >> thank you. >>> >>> today's tweet of the day is about the milk cliff. glen johnson tweets amid talk of milk going up to $7 a dplon, with no deal, we'll all just start drinking gas then. [ male announcer ] with over 50 delicious choices of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green giant >>> the uncertainty caps off a huge year in politics.
. caller: what if nancy pelosi and john boehner got it together, and nancy pelosi told john boehner that if he could bring votes for his speakership, and they could maybe together isolate the tea party section of his group and then kind of take away the radical left of her group and bring the moderates together, support him for speakership? now, we would not get everything that i want, but also the republicans would not get everything they wanted, and by the time elections came up, they would see there is a lot of progress made, and maybe they could not run primary on those guys that are decided to go to the middle with nancy pelosi and that are together. host: thanks for the call. guest: don, you are suggesting that john boehner would be elected basically as a democratic speaker. it is not likely they would give him the votes. it is far more likely, quite honestly, that they would like to see some continued disruption in, let's say, in the force in the republican side, and john boehner would be a much weakened speaker, where he would be deposed, and they would have to find someone
in a manner worthy of her ideals. nancy pelosi initiated the measure of awarding this metal and republican george w. bush signed into law. his wife, former first lady laura bush, is with us today, as is her predecessor, secretary of state hillary clinton. coming together in mutual respect, a step from the chambers where we passionately debate the issues of the day that has become almost second nature to us. but it is a blessing, and we will hear over and over during the course of this ceremony, aung san suu kyi has shown the world just how hard one it really is. on behalf of the congress, let me express how humble and honored we are by your presence here in the rotunda of the united states capitol. >> ladies and gentlemen, please stand for the presentation of the callers by the united states armed forces color guard, the singing of our national anthem, and the retiring of the colors. ♪ ♪ ♪ oh say can you see by the dawn's early light, what so proudly we hail at the twilight's last gleaming, whose broad stripes and bright stars, through the perilous fight, o'er the ramparts we watche
mitch mcconnell, house speaker john boehner and house democratic leader nancy pelosi met at the white house yesterday afternoon with the president and vice president. here's where things stand right now. the senate leaders are meeting aiming to avoid tax hikes. and they may vote on a deal sunday or perhaps on monday. jessica yellin is our chief white house correspondent. lisa day jar dayne is on capitol hill. the president used his bully pulpit to reinforce the idea that senators need to get busy. so let's listen. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable, why everything always has to wait till the last minute. we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> so jessica, you were in the room for the president's remarks. on a scale of 1 to 10, let's measure the anger perhaps that
of the simpson-bowles plan, not good enough. in the second part of the proposal he took part of what nancy pelosi offered may of this year to raise taxes of 1 million and above. what has the president offered? and basically jamie with both proposals in ten years we're still going to have 21 trillion dollars worth of debt. >> jamie: angela. >> both proposals-- yes? >> not every republican agrees with speaker boehner on the compromise so there's pushback on both sides from democrats who control the senate and from the president and from some fellow residentiapublicans we taken a step back? i want to ask both of you, angela first. >> here is the rub, president obama knows nothing about being a great legislator and the tea party doesn't either. it's great to run on principle and sign a pledge you won't raise taxes, but in d.c., jamie, you have to compromise. ronald reagan figured that out, bill clinton figured that out, lbj was with the civil rights legislation figured that out. both sides need to come together again, it's on president obama, harry reid and the tea party. >> jamie: let's get michael
nancy pelosi to produce the huge number of democrats needed to pass it. but if that plan falls through -- >> then i will urge senator reid to bring to the floor a basic package for an up or down vote. >> the president's basic package has much more for democrats to like. so don't expect that to get very far. but all sides now agree the senate must first pass a bill before the house makes any kind of move. so all eyes will be on mitch mcconnell and harry reid and their negotiators holed up on capitol hill. the senate comes back into session at 1:00 on sunday. >> jessica yellin, thanks. >>> and with the pressure now squarely on the senate to fix the fiscal cliff, they will lead the talks this weekend. a period of time reid calls, quote, very important, mcconnell says he's hopeful both sides will have a plan to present to their respective members as early as tomorrow. and other republican and democratic senators are underscoring the importance of reaching an agreement soon. >> if we don't have a deal within the next 24 hours, the question is, where do you buy a parachute? looks like we'll
the debt ceiling coming up. what excuse will they come up? >> they will not cut spending. harry reid, nancy pelosi, chuck schumer, they are not going to cut spending. >> sean: how about the republicans? >> i hope the next time the republicans don't get rolled like they will be rolled the next 48 hours. >> sean: in one sense, joe, i got to give your president a lot of credit. he went out there, went out campaigning. he does a really good job blaming the republicans. he was able to frame the debate about taxes against the rich. not on his reckless spending. as a politician, he is pretty -- he is pretty amazing. in terms of governing, he is horrible. this is not good long-term for this country. >> well, look, the president was very clear in two campaigns now about raising taxes on the top 2%. he was clear. and he and romney had that thing -- had that out. and he won on that platform, sean. i mean he fair and square he won on it. and he is going to make -- >> sean: so if the republicans. >> 2.5 in spending cuts. right now it is one-to-one or less. he didn't keep his promise on that he, joe trip
rating is lower than that of nancy pelosi, who is a vampire, i actually think. it's 51% boehner unfavorable and pelosi 50%. juan, you said something earlier you have been hearing that boehner is safe. i've actually been hearing the opposite. i like john boehner, i think he has a tough situation on his hands. he's trying to heard cats. i don't agree what he did the other day, why he had put a bill on the floor he doesn't have support for. you think he won't hold on? >> no, i think he will hold on. i don't know if it's coming but at the moment i don't think there's enough time before january 3rd to really line up. what happened to john boehner, i thought -- >> and he thought he had the votes. >> his troops abandoned him. >> ken next mccarthy should go down for that. he's the whip. he should know how many votes he has. >> no, he works for boehner. >> but he goes back with the information about how many votes he has. that was a mess. >> but the whole dynamics didn't make sense. it goes back to something eric said. everybody on the far right said why am i going to put a vote in place
of it at this point because he has not been able to produce a deal to date and it's not on his shoulders. and nancy pelosi is the one who's going to have to car ray lot of this weight if it gets anywhere in the house because she'll have to deliver a lot of votes. the president not at his maximum frustration level, i have to say, still seeming a little enthusiastic. >> jessica yellin, thanks so much. ken, i want to ask you, you're an expert on economic crises. yol want to have to use your expertise ever again. we're not going to a crisis, hopefully, as a result of this. what's your best advice in terms of keeping the economy on track? what's the best compromise everybody can come out with if they know it will help the economy? >> well, we'd like to see tax reform. we'd like to see washington do things like infrastructure, cut back on spending. it's dysfunctional. that's what's so disheartening about this. this isn't a one-time thing. we're going to see it again in february. it's hard to see where this is going to come to an end unless the parties reform. >> yeah. well, let's hope. i don't know if th
every day on this issue and to our leader nancy pelosi and all of my colleagues. president obama and the american people are demanding change and we can bring that change by passing this friday a ban on the massacre assault magazines. we can pass it. believe me, if guns made anyone safer, we would be the safest nation on earth. we have more guns per capita than any country on earth. and after the unfathomable tragedy, our country is united and determined in a demand for change. without change in our gun policy, we cannot expect the outcome to be any different from what we are already experiencing and we have already had too many mass murders and the cost is unbearable. these were elementary schoolchildren. and their teachers. but there have been movie goers. americans going to town hall meetings. there are some who say any gun restriction is an imposition on their liberty. but they must understand that the level of gun violence in america today is an imposition on the liberty of all americans. millions of people. today we call on speaker boehner to work together with us to make a
said he made phone calls last night to speaker boehner and house minority leader nancy pelosi, as well as senator reid and his opposite number, minority leader mitch mcconnell. but today, mcconnell gave no indication of movement. >> last night i told the president we'd be happy to look at whatever he proposes, but the truth is we're coming up against a hard deadline here, and as i said this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> reporter: adding to the urgency, treasury secretary timothy geithner warned he'll have to begin taking "extraordinary measures" to postpone a government default. the government is on track to hit its borrowing limit on monday, he said with no prospect of congressional action to raise the limit. here now to help us unravel what's going on is todd zwillich. he's washington correspondent for "the takeaway" on public radio international. todd, welcome back. decode this for us. are the players privately a
conference, it came after president obama met with john boehner and nancy pelosi and harry reid and mitch mcconnell, so all the key congressional leaders. and listen to the president here. >> the american people are watching what we do here. obviously, their patience is already thin. this is deja vu all over again. america wonders why it is that in this town for some reason, you can't get stuff done in an organized timetable. why everything always has to wait until the last minute. well, we're now at the last minute. and the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. i just have to repeat. you know, outside of washington, nobody understands how it is that this seems to be a repeat pattern, over and over again. ordinary folks, they do their jobs. they meet deadlines. they sit down and they discuss things and things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind boggling to them. and needs to stop. >> i just have to repea
their chosen leader, this time nancy pelosi. it's usually pro forma, but this time it has a real weight to it, because one of the reasons we're in this situation right now is because we're waiting for john boehner to be reelected to speaker of the house before they make a move, because only if 16 or 17 republicans don't vote for the guy, he could lose. they just want to wait. >> that's, i think, a point we've all been missing here is that after plan b's gone down, there seems to be some thinking, especially in boehner land, that we don't want our fingerprints on anything that could lead to some sort of conservative ensue su sure. >> it would be very embarra embarrassing. republicans voting for someone else or abstaining, they would have to probably shut the whole house down, have a whole meeting, drum up the votes. it would be very embarrassing and i think you're also seeing it on the senate side, mitch mcconnell is thinking, senate minority leader, if john boehner doesn't want his fingerprints on something, why do i want my fingerprints on it, i'm up for reelection in 2014. >> the amazing su
it to the floor. he likely will bring it to the floor. and we saw this with the democrats sometimes. nancy pelosi bringing war funding bills to the house floor during the bush administration. not because she loved the idea of continuing the wars in afghanistan and iraq but because she saw that was a priority that needed to move whether or not it was going to have a lot of democratic votes. >> amazing. you think of all those things in the senate. the farm bill had enough republican support over there. never brought up in the house. it's a tough thing to do for john boehner. john allen, thank you so much for joining us. looking forward to the book about hillary and concussion-dpat. it will be interesting. next, as a new senator gets swarn in today, the fight from john kerry is reading up. >>> topping the headlines on andrea mitchell reports, former president george h.w. bush has been moved to the intensive care unit of a houston hospital where he's been battling a cough since november. the 88-year-old was moved to the icu recently after a foout few setbacks including a persistent fever. doctors are
to legislate. all six of them in the room today have worked across party lines. nancy pelosi, she worked with george w. bush in 2008 to craft a stimulus. they worked together on tarp. mitch mcconnell voted for tarp i could go on and on. for all of the tough talk, look at the word hopeful or optimistic. it is there. host: we will john boehner face a challenge to speaker? guest: there is grumbling, but the feeling is no. i did not think so. one of the most significant things that happened, going back to that press conference one week ago when the talk was in the air, eric cantor stood by his side, and that was a signal that if anybody is going to challenge him, it might be eric cantor. he will not challenge. he is absolutely on board. host: david lightman, thank you as always for being with us. guest: thank you for having me. host: we will check in with you again and your dog. every friday we look at america by the numbers. today, we want to focus on the issue of hunger in america. "washington journal" continues. negotiations are resuming this afternoon at 3:00 p.m. eastern time. [applause
>> nancy pelosi, which mcconnell, and john boe hner have four days to reach agreement or spending cuts would take effect. >> both sides are involved in a high-stakes political blame game. >> we are here in washington working. the members of house of represented or out watching movies, and watching the kids play soccer, basketball, and doing all kinds of things. they should be here. >> i told president i will be happy to look at what ever he proposes. a hard deadline. as i said this is the conversation we should of had to go. >> democrats want to extend the bush era tax cuts to everyone except those americans making $250,000 or more per year. republicans remain against any tax increases. >> most americans just wasn't begun. >> people are tired. >> islamic not reach a deal by january 1st many economists are concerned it could lead to another recession. >> ibm ed paine reporting. >> and other nationals former president george h. w. bush is still in intensive care at houston hospital this morning dealing with the stubborn fever. >> the former president's family is confident that he will be
and house democratic leader nancy pelosi.at the white house for about an hour today. he said the meeting was good and constructive. but expressed his frustration for the american people with waiting until stories... >> america wonders why you cannot get things done in this town in an organized timetable. why does everything have to wait until the last minute? now, we are at the last minute. the american people are not going to have many patients for a self-inflicted wound to our economy. >> reporter: coming up at 5:30 we'll have more from the president. and our political analyst michael yaki will give us his take on today's developments. >> catherine: there's rain on the way this holiday weekend. this is a live look from our camera on mount tam. and a look at downtown san francisco. i'm here in the weather center with jacqueline bennet -- where is the wet weather? >> jacqueline: we are still getting some return on the radar but it is still too dry for the rain to hit the ground. it will be moving and later. as we see this offshore and wider on the satellite & radar toward the tail end of
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